Two working days less than May last year
In May new passenger car registrations on the German market fell by nearly 7 percent to 256,400 units. However, the month had two working days less than May last year. Adjusted for this special effect, the market shows growth of almost 4 percent. This year so far, more than 1.3 million passenger cars have been newly registered in Germany, which is a rise of 4 percent.
Domestic orders in May also slumped by 2 percent owing to the reduced number of working days. Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), stressed, “This special statistical effect in May does not change anything about our current estimate for the German market. Since the beginning of this year we have seen better development than we had expected.”
Exports from Germany in May came to 347,900 units (-6 percent). Since January the German passenger car manufacturers have supplied around 1.9 million passenger cars from Germany to foreign customers.
Support is still provided by incoming orders from abroad. It is true that the May figure shows a loss of 2 percent compared with last year, but after adjustment for the number of working days the orders in May reveal a rise of 9 percent. Wissmann commented, “We are pleased that the markets in Western Europe are developing more dynamically. With their high market share, the German brands in particular benefit from the recovery in Europe. This European stabilization is one factor guaranteeing high capacity utilization at our German plants.”
Last month 451,400 passenger cars were built in Germany. That represents a year-on-year fall of 6 percent but brings the total for the first five months of this year to just over 2.4 million cars.
|May 2015||January - May 2015|
|Passenger Cars *)||Units||Change
15/14 in %
15/14 in %
|German makes incl. group makes||183.900||-8||942.700||4|